Remittances from Egyptians working abroad reached about $29.7 billion in the first seven months of 2026. The Central Bank of Egypt said inflows rose 28.1% from about $23.2 billion during January through July 2025. The figures cover money sent home by Egyptians employed overseas. They provide the latest official reading for the 2026 calendar year. The latest total is about $6.5 billion above the amount recorded in the same seven-month period of 2025.
Business
Remittances from Egyptians working abroad reached about $29.7 billion in the first seven months of 2026. The Central Bank of Egypt said inflows rose 28.1% from about $23.2 billion during January through July 2025. The figures cover money sent home by Egyptians employed overseas. They provide the latest official reading for the 2026 calendar year. The latest total is about $6.5 billion above the amount recorded in the same seven-month period of 2025.
China kept its benchmark lending rates unchanged in September, maintaining the one-year loan prime rate at 3.0%. The over-five-year LPR remained at 3.5%, according to the official September 20 fixing. Many lenders use the longer-term rate as a reference for mortgage pricing. The decision left both lending benchmarks at the same levels recorded in August.
Gold prices continued their downward trend across global commodity exchanges as investors digested the decision by the U.S. Federal Reserve to raise benchmark interest rates by a quarter of a percentage point. Spot bullion fell 1 percent during international trading sessions to reach $4,249 per ounce, reflecting heightened market pressure driven by tighter monetary policy conditions. Gold prices decline on Federal Reserve rate decision actions as elevated borrowing costs increase the opportunity cost of holding non-yielding precious metals across major financial trading desks.
Gold prices decline on Federal Reserve rate decision actions as elevated borrowing costs increase the opportunity cost of holding non-yielding precious metals across major financial trading desks.
Gold prices edged higher on Thursday as a softer U.S. dollar supported bullion before fresh U.S. inflation data. Spot gold rose 0.3% to $4,414.28 an ounce by 0419 GMT. U.S. gold futures for December delivery slipped 0.1% to $4,457.20. The early gain kept spot gold above $4,400 after a sharp reversal during Wednesday’s trading. Gold had initially moved lower before finishing that session more than 1% higher.
The Panama Canal may reduce daily ship traffic to about 29 vessels in February or March 2027 if drought conditions continue, its new administrator said. Ilya Espino de Marotta took office on Sept. 7 and raised the possibility as El Niño pressures reservoir levels. The canal needs freshwater from rainfall-fed lakes to operate its locks. The Panama Canal Authority has already begun staged capacity cuts after below-expected precipitation across the watershed.
Travel
Emirates enters winter season with strong booking momentum following a high-density summer operational period during which the airline transported more than 8.6 million passengers between July and August across 140 global destinations. The carrier’s seasonal performance highlights expanding passenger capacity and higher load factors across primary long-haul routes connecting North America, Europe, the Middle East, and the Asia-Pacific region. Industry observers note that the sustained passenger volume underscores structural resilience across international long-haul aviation markets.
The iPhone Duo carries a 5.4-inch external screen for everyday phone use when the device stays closed. Opening the handset reveals a 7.6-inch Super Retina XDR display designed for larger apps and multitasking. Both panels support ProMotion and Always-On features, with outdoor brightness reaching 3,000 nits. Apple uses Grade 5 titanium for the enclosure and built the hinge from more than 100 components. The phone also carries an IP68 rating for resistance to water and dust.